The
Court of Appeal today gave judgment in BCCI
Overseas v. Akindele. This case has restates the test for "knowing receipt"
liability . The judge at first instance applied a test of dishonesty. BCCI
(the Appellants) argued that the test extended to constructive knowledge/notice.
The CA has laid down its own test:

"All that is necessary is that the recipient's state
of knowledge should be such as to make it unconscionable for him to retain
the benefit of the receipt."

I expect that the transcript will be available through
the usual channels shortly.